Cob 300 - Study guides, Class notes & Summaries

Sole Proprietorship Correct Answer-Single Owner and Manager Sole Proprietorship Advantages Correct Answer-• Inexpensive and simple to set up • Little to no regulation or reporting requirements • Single taxation-Business income treated like regular income Sole Proprietorship Disadvantages Correct Answer-• Unlimited Personal Liability • Difficult to transfer ownership • Limited access to capital Partnership Correct Answer-Owned and managed by two or more people -Partners...

Economics Correct Answer-The study of the allocation of scarce resources Two major allocations Correct Answer--How can we get money from those with more than they currently need (savers) and into the hands of those who currently need money (businesses/governments/people) -What should businesses/governments/people do with the money they have? How are funds allocated? Correct Answer--market prices -rates of return -interest rates What are the terms of fund allocation? Correct Answer--C...

COB 300 Operations Exam #1 questions with answers

COB 300 Finance- Final Exam questions with 100% correct answers

Time value analysis - 1st step is to set up a timeline time line - an important tool used in time value analysis, it is a graphical representation used to show the timing of cash flows. Time periods such as years or months, time 0 is today. Time 1 is one period from today. Both the end of period 1 and the start of period 2. Each tick mark corresponds to the end of one period and the beginning of the next one. Do time lines only deal with years or can other time periods be used? - other t...

You recently sold 100 shares of Microsoft stock to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following best describes this transaction? a. This is an example of a money market transaction. b. This is an example of an exchange of physical assets. c. This is an example of a direct transfer of capital. d. This is an example of a primary market transaction. e. This is an example of ...

EXAM 2 & 3 McMillan COB 300D with 100% correct answers

Cob 300 Marketing Test 1 (CH 1,2,5,9,14) questions well answered

Nature of services - the customer should be the focal point of all decisions. Service triangle: the organization exists to serve the customer, systems and the employees exist to facilitate the process of service. How management treats the worker is how the worker will treat the public. Workforce is well trained and well motivated, they will do good jobs for their customers. Operations responsible for service systems, managing the work, workforce makeup the majority of employees in la...

Process Ans Any set of activities performed by an organization that takes inputs and transforms them into outputs ideally of greater value to the organization than the original inputs. The output of many processes are services.Converts investment in resources to value for which customers pay. A good process: Adds value, keep costs as low as possible Process: Basic performance Measures Ans Cycle time: average time between completions of successive units. Determined by bottleneck. Det...